NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal full year and quarter ended February 28, 2025, on Wednesday, May 7, 2025, after market close. A conference call to discuss the financial results will be held on Thursday, May 8, 2025. Details for the conference call are provided below. Who:Christian L. Oberbeck, Chairman and Chief Executive Officer Michael J. Grisius, Chief Investment Officer Hen ...

NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a base quarterly dividend of $0.74 per share for the fiscal fourth quarter ending February 28, 2025. The dividend is payable on March 25, 2025, to all stockholders of record at the close of business on March 6, 2025. In addition, its Board of Directors also transitioned Saratoga Investment’s divide ...

While business development companies benefited greatly from the rising rate environment, the expectation that rates would fall much lower in 2024 and beyond has dampened market enthusiasm over the past year, as the BDC industry had an average price gain of justWith Hidden Dividend Stocks Plus he scours the world's markets to find solid income opportunities with dividend yields ranging from 5% to 10% or more, backed by strong earnings. Features include: a portfolio with up to 40 holdings at a time including ...

Core Viewpoint - Saratoga Investment (SAR) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Ratings - The Zacks rating system is based solely on a company's changing earnings picture, tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - The Zacks rating upgrade reflects an improvement in Saratoga Investment's earnings outlook, which could lead to increased buying pressure and a rise in stock price [4][6]. Impact of Earnings Estimates on Stock Prices - Changes in a company's future earnings potential, as shown by earnings estimate revisions, are strongly correlated with near-term stock price movements, influenced by institutional investors [5]. - Rising earnings estimates for Saratoga Investment indicate an improvement in its underlying business, which should positively affect its stock price [6]. Importance of Earnings Estimate Revisions - Empirical research supports a strong correlation between earnings estimate revisions and near-term stock movements, making it beneficial for investors to track these revisions [7]. - The Zacks Rank system effectively utilizes earnings estimate revisions to classify stocks, with a proven track record of performance [8]. Current Earnings Estimates for Saratoga Investment - Saratoga Investment is expected to earn $3.87 per share for the fiscal year ending February 2025, reflecting a year-over-year change of -5.6%, although estimates have increased by 1.6% over the past three months [9]. Zacks Rating System Overview - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings across its universe of over 4000 stocks, with only the top 20% receiving favorable ratings [10][11]. - The upgrade to Zacks Rank 2 places Saratoga Investment in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [11].

Core Viewpoint - The article emphasizes the importance of value investing and highlights Saratoga Investment Corp (SAR) as a strong candidate for value investors due to its favorable valuation metrics and strong earnings outlook [2][4][7]. Valuation Metrics - Saratoga Investment Corp (SAR) has a Zacks Rank of 2 (Buy) and an A for Value, indicating strong potential for value investors [4]. - The current P/E ratio for SAR is 8.54, which is lower than the industry average P/E of 9.23, suggesting that SAR may be undervalued [4]. - SAR's Forward P/E has fluctuated between 5.70 and 8.56 over the past year, with a median of 6.56, further indicating its valuation strength [4]. - The P/B ratio for SAR is 0.91, compared to the industry average of 0.98, reinforcing the perception of SAR as a solid investment [5]. - SAR's P/B ratio has ranged from 0.81 to 0.96 over the past year, with a median of 0.86, which supports its valuation appeal [5]. - The P/S ratio for SAR stands at 2.24, significantly lower than the industry average P/S of 3.62, indicating a favorable sales performance relative to its price [6]. Investment Outlook - The combination of SAR's strong valuation metrics and positive earnings outlook positions it as an impressive value stock in the current market [7].

Financial Data and Key Metrics Changes - The adjusted net investment income (NII) for the third quarter is $12.4 million, down 5.3% year-over-year and 31.7% quarter-over-quarter [14][20] - The adjusted NII per share is $0.90, down 10.9% from $1.01 last year and down 32.3% from $1.33 last quarter [14][15] - The latest 12 months return on equity is 9.2%, up from 6.6% last year and 5.8% last quarter, outperforming the industry average of 8.5% [15][16] - The net asset value (NAV) per share is $26.95, down 1.7% from $27.42 last year and down 0.4% from $27.07 last quarter [15][16] Business Line Data and Key Metrics Changes - The company experienced healthy originations with $85 million in new portfolio company investments and eight follow-on investments during the quarter [11][41] - The total portfolio fair value is now 0.7% below cost, while the core non-CLO portfolio is 3% above cost [10][12] - The company’s cash position increased to $250 million, primarily due to $160 million in repayments from successful investments [11][12] Market Data and Key Metrics Changes - The company noted a decline in deal volumes in the lower middle market, with year-to-date deal volumes down over 34% compared to the prior year [35][37] - The company’s portfolio consists of 86.8% first lien debt, supported by strong enterprise values in historically resilient industries [43][44] Company Strategy and Development Direction - The company aims to leverage its strong reputation and market positioning to create attractive investment opportunities despite lower overall M&A volumes [8][9] - The management team is focused on maintaining balance sheet strength, liquidity, and NAV preservation while navigating economic challenges [13][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the potential for future economic opportunities and challenges, citing a resilient portfolio valued at $960 million [9][60] - The management team anticipates a resurgence in M&A activity as interest rates potentially decline and economic conditions stabilize [76][100] Other Important Information - The company’s annualized third quarter dividend of $0.74 per share implies a 12.2% dividend yield based on the stock price of $24.21 [8][54] - The company has maintained a substantial $474 million of investment capacity to support portfolio companies [13][26] Q&A Session Summary Question: Expectations on repayments and growth outlook - Management noted that while repayments were strong in the recent quarter, they expect a balance between new growth and repayments, with a solid pipeline of opportunities [66][72] Question: Potential to realize future equity gains - The management team indicated that future equity gains are typically realized when companies are sold, and they actively assess co-investment opportunities [86][89] Question: Discussion on SBIC debentures and repayment strategy - Management explained that they are monitoring the cost of debentures and will make decisions on repayments based on cash availability and potential follow-on investment needs [82][104]

Saratoga Investment Corp. Fiscal Third Quarter 2025 Shareholder Presentation January 9, 2025 Steady Long-Term Performance in Q3 2025 Fiscal Third Quarter 2025 Highlights: Continued high quality portfolio and solid performance Outsized repayments this quarter exceed strong originations, remain on track for growing long-term assets under management • AUM of $960.1 million, a decrease of 13.8% since last year and 7.7% from last quarter, with $84.5m in originations offset by $160.4m repayments in Q3 Base of liq ...

Core Viewpoint - Saratoga Investment (SAR) reported quarterly earnings of $0.90 per share, exceeding the Zacks Consensus Estimate of $0.82 per share, but down from $1.01 per share a year ago, indicating a 10.89% year-over-year decline in earnings [1][2] Financial Performance - The company achieved revenues of $35.88 million for the quarter ended November 2024, surpassing the Zacks Consensus Estimate by 2.97%, although this represents a decrease from $36.34 million in the same quarter last year [2] - Over the last four quarters, Saratoga Investment has exceeded consensus EPS estimates three times and topped revenue estimates four times [2] Stock Performance - Since the beginning of the year, Saratoga Investment shares have increased by approximately 1.2%, outperforming the S&P 500, which gained 0.5% [3] Future Outlook - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at $0.62 for the upcoming quarter and $3.81 for the current fiscal year [4][7] - The estimate revisions trend for Saratoga Investment is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Financial - SBIC & Commercial Industry, to which Saratoga Investment belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Exhibit 99.1 Saratoga Investment Corp. Announces Fiscal Third Quarter 2025 Financial Results Reports 1.1% Sequential Quarter Increase in Adjusted NII per Share (Excluding the Effect of the One-Time Interest Reserve Reversal) and Grows LTM ROE to 9.2% Reports Strong Deployments of $84.5 Million, Supporting Two New Platforms and Eight Existing Portfolio Companies, Offset by Repayments NEW YORK, January 8, 2025 – Saratoga Investment Corp. (NYSE: SAR) ("Saratoga Investment" or "the Company"), a business develop ...

Core Insights - Saratoga Investment Corp. reported a sequential increase of 1.1% in adjusted net investment income (NII) per share, reaching $0.90, while the last twelve months (LTM) return on equity (ROE) improved to 9.2% [1][3] - The company achieved strong deployments of $84.5 million, supporting two new platforms and eight existing portfolio companies, although this was offset by significant repayments totaling $160.4 million [1][3] Financial Performance - As of November 30, 2024, assets under management (AUM) decreased to $960.1 million, down 13.8% year-over-year and 7.7% from the previous quarter [2][6] - Net asset value (NAV) increased to $374.9 million, up from $359.6 million a year ago and $372.1 million from the previous quarter [2][6] - Total investment income for the quarter was $35.9 million, a decrease of 1.3% year-over-year and a decline of 16.6% from the previous quarter [2][7] - The company declared a quarterly dividend of $0.74 per share, along with a special dividend of $0.35, resulting in a total dividend of $1.09 per share for the quarter [2][14] Investment Activity - The company originated $84.5 million in investments during the quarter, which included two new portfolio company investments and eight follow-on investments [3][5] - Principal repayments amounted to $160.4 million, which included five full repayments of existing investments [3][5] Portfolio Composition - The fair value of the portfolio was $960.1 million, with 86.8% in first lien debt, indicating a strong focus on secured investments [2][14] - The weighted average current yield on the portfolio was 10.8%, with first lien term loans yielding 11.6% [14] Credit Quality - The overall credit quality remained stable, with 99.7% of credits rated in the highest category, and only two investments on non-accrual status [5][6] - The company has taken decisive actions to resolve challenges in four portfolio companies through sales and restructurings [5][6] Management Commentary - The management expressed confidence in navigating the current economic environment, citing a robust pipeline and strong underwriting standards to enhance portfolio quality and performance [5][6]